CJI DY Chandrachud Launched “Neutral Citations” For All Supreme Courts
CJI DY
Chandrachud Launched “Neutral Citations” For All Supreme Courts
Why In News
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The Chief Justice of India DY Chandrachud
announced that the Supreme Court has launched “neutral
citations” of judgments to ensure a uniform pattern of citing its
decisions.
Key Points
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The Chief Justice of India DY Chandrachud announced that the Supreme Court has
launched “neutral citations” of judgments to
ensure a uniform pattern of citing its decisions.
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Earlier, the Supreme court informed that
steps had been taken for the introduction and implementation of a uniform,
reliable and secure methodology for identifying and citing decisions in the
apex court, namely the neutral citations system,
to ensure a uniform pattern of citing all decisions of the top court.
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The bench led by the CJI assembled to hear
urgent mentioning of matters for listing, and the CJI announced that all
judgments of the top court would have neutral citations.
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The Chief Justice of India informed that they
have launched neutral citations. All judgments of the court will have neutral
citations,” adding that around 30,000 verdicts
of the apex court would have neutral citations.
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He also noted that hopefully, the HCs would also follow suit. The top court was using
machine learning tools, which would translate its verdicts into Indian
languages.
RBI imposes restrictions on 5 co-operative banks
RBI
imposes restrictions on 5 co-operative banks
Why In News
·
The Reserve Bank of India imposed several
restrictions on five cooperative banks, including on withdrawals, in the wake
of the deteriorating financial condition of the lenders.
Key Points
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The Reserve Bank of India imposed several
restrictions on five cooperative banks,
including on withdrawals, in the wake of the deteriorating financial condition
of the lenders.
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The restrictions will remain in place for six months, the Reserve Bank of India (RBI) said in
separate statements.
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With restrictions in place, the banks,
without prior approval of RBI, cannot grant loans, make any investment, incur
any liability, and transfer or otherwise dispose of any of its properties.
The Cooperatives Banks Are:
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Customers of HCBL Co-operative Bank, Lucknow
(Uttar Pradesh); Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad
(Maharashtra); and Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District in
Karnataka cannot withdraw funds from their accounts due to present liquidity
position of the three lenders.
·
However, customers of
Uravakonda Co-operative Town Bank, Uravakonda, (Anantapur District,
Andhra Pradesh) and Shankarrao Mohite Patil Sahakari Bank, Akluj (Maharashtra)
can withdraw up to Rs 5,000.
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The eligible depositors of all the five
cooperative banks would be entitled to receive deposit insurance claim amount
of his/her deposits up to Rs 5 lakh from the Deposit Insurance and Credit
Guarantee Corporation, RBI said.